Compared with August 2015, the Asia Pacific region reported a 1.2% increase in occupancy to 73.3%. However, average daily rate (ADR) dropped 2.0% to US$98.38, and revenue per available room (RevPAR) dipped 0.8% to US$72.11.
LONDON — Hotels in the Asia Pacific region reported mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to August 2016 data from STR.
Compared with August 2015, the Asia Pacific region reported a 1.2% increase in occupancy to 73.3%. However, average daily rate (ADR) dropped 2.0% to US$98.38, and revenue per available room (RevPAR) dipped 0.8% to US$72.11.
Performance of featured countries for August 2016 (local currency, year-over-year comparisons):
Japan reported mostly negative results with a 1.8% decrease in occupancy to 85.5%, nearly flat ADR (+0.1% to JPY16,628.87) and a 1.7% decline in RevPAR to JPY14,223.98. Japan has experienced seven consecutive months with year-over-year decreases in occupancy. When looking at individual segments, the Luxury (-4.9%) and Upper Upscale (-3.9%) classes saw the largest occupancy decreases, while Midscale and Economy (+1.1%) reported the only increase.
Malaysia recorded positive results across the three metrics. Occupancy in the country rose 1.1% to 73.2%; ADR increased 5.1% to MYR384.40; and RevPAR grew 6.3% to MYR281.42. The absolute RevPAR figure was the highest in Malaysia since July 2011. According to Tourism Malaysia, the country saw a 3.7% increase in tourist arrivals during the first half of 2016. The boost in tourism is reflected in an 8.2% year-to-date demand increase for Malaysia’s hotel industry.
Thailand posted positive results in each of the three metrics: occupancy (+4.9% to 79.8%), ADR (+2.1% to THB3,351.48) and RevPAR (+7.1% to THB2,673.59). STR analysts note that the bombings in Hua Hin temporarily hurt performance in that market, but overall demand for the country increased 7.1% during the month.
Performance of featured markets for August 2016 (local currency, year-over-year comparisons):
Bali, Indonesia, experienced an 8.1% rise in occupancy to 78.7%. However, a 9.3% drop in ADR to IDR1,627,551.11 dragged RevPAR down 1.9% to IDR1,280,476.30. The Bali Tourism Board reported a 43.9% increase in tourist arrivals to the market through July. Hotel demand in the country is up 14.3% year to date, while supply has grown 3.7%.
Ho Chi Minh City, Vietnam, saw double-digit growth in occupancy (+14.8% to 68.0%) and RevPAR (+20.8% to VND1,720,550.88). ADR in the market was up 5.2% to VND2,528,871.62. Vietnam welcomed an estimated 899,738 international visitors in August (+134.4% year over year), according to the Vietnam National Administration of Tourism. STR analysts note that the market’s performance was dominated by the Luxury and Upper Upscale segment (RevPAR +22.3%).
Delhi-National Capital Region, India, posted growth in each of the three metrics: occupancy (+7.2% to 61.5%), ADR (+1.4% to INR5,376.14) and RevPAR (+8.7% to INR3,304.09). According to the Ministry of Tourism, India posted an 11.8% increase in foreign tourist arrivals in August. Among the top 15 ports of entry in the country, Delhi Airport maintained the largest share of those arrivals (28.4%). The Upscale and Upper Midscale segment reported the month’s top performance (RevPAR +11.7%) in Delhi-NCR.
Source: STR
Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
